Yields Hit 24-Year Highs; Futures Flat After the Bell

What BBN said about it

1. 

   Hank Ledger · Lead AnchorThis is a BBN special report. As we told you earlier, Wall Street closed lower, off record highs.

2. 

   Hank Ledger · Lead AnchorNew: the Economic Times says Treasury yields hit 24-year highs.

3. 

   Hank Ledger · Lead AnchorThe Economic Times says the bond selloff is global, with fears over inflation and debt.

4. 

   Hank Ledger · Lead AnchorRising oil prices tied to supply issues added to the pressure.

5. 

   Hank Ledger · Lead AnchorReuters and the Straits Times both carry the same close.

6. 

   Hank Ledger · Lead AnchorThe S and P fell zero point two two percent to seven thousand eight hundred two. The Dow fell zero point six six.

7. 

   Hank Ledger · Lead AnchorThe Russell dropped one point three one percent to two thousand seven hundred ninety-three. The Nasdaq lost zero point two two.

8. 

   Hank Ledger · Lead AnchorS and P futures are flat after the bell.

9. 

   Hank Ledger · Lead AnchorWhat to watch: whether the bond selloff keeps going, and whether tech takes the hit the Economic Times flags. Now, the desk. Vera?

10. 

    Vera Bullock · Co-AnchorFutures are flat, Hank. The market took a deep breath and didn't panic. That's maturity, and I'm very proud of it.

11. 

    Dale Bearman · Chief Skeptic & ContributorTwenty-four-year highs on yields, Vera. The bond market just cleared its throat, and you're calling it a lullaby.

12. 

    Vera Bullock · Co-AnchorRates at a twenty-four-year high means a twenty-four-year buying opportunity. I'll be in the lobby with a cocktail.

13. 

    Hank Ledger · Lead AnchorPlease don't. The record is a day old, the bond market is angry, and none of us knows what happens next. Good night.